1. What is a position?
Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes. However, investors (bulls or bears) hold futures contracts without performing reverse operations (selling or buying) with the same delivery month and quantity. This operation is called "holding positions". In the futures operation of gold and other commodities, whether buying or selling, all new positions are called opening positions. After the operator opens a position, he holds a position in his hand, which is called a position.
Second, the position has the following restrictions:
1. The new contract account option contract account has a right position limit of 20, a total position limit of 50, and a single-day cumulative position limit of 100.
2. Customers whose contract account has been opened for one month, the trading volume of option contracts has reached 65,438+000, they have three-level trading authority, are aggressive in risk tolerance, and their appraisal date is within one year. Right position limit 1000, total position limit of 2000, and daily cumulative opening limit of 4000.
3. The risk tolerance is enterprising, and the evaluation date is within one year.
(1) The contract turnover reaches 500, the balance of self-owned assets under custody of GF Securities exceeds 1 10,000, the power position limit is 2000, the total position limit is 4000, and the daily cumulative position opening limit is 8000;
(2) The contract turnover reached 65,438+0,000 pieces and the balance of self-owned assets entrusted by GF Securities exceeded 5 million pieces. The warehouse limit is 5000 pieces, the total position limit is 1 000 pieces, and the daily cumulative opening limit is 1 000 pieces. If you need to query the position limit.
Three. Customers without positions
On Monday, 20021,10 and 18, customers who have not traded for 12 months will stop handling precious metal accounts and two-way trading business, and no announcement will be issued. After the function of precious metals and two-way trading in customer account is closed, precious metals and two-way trading in account will be impossible, and the Agreement on Precious Metals and Two-way Trading in Account of China Construction Bank signed with China Construction Bank Co., Ltd. will be terminated.
Fourth, what is opening a position?
Open the warehouse, open the warehouse. There are usually two operating modes in trading, one is bullish (buyer) and the other is bearish (seller). Whether you are long or short, placing an order is called "opening a position". It can also be understood that in trading, whether buying or selling, all new positions are called opening positions.